Base Erosion and Profit Shifting

Democracy Digest: Taxing Times for Central Europe

The G7, which is holding its annual summit this weekend in a Cornish resort in the UK, gave the effort a boost last week when it issued a joint statement on how revamping the global corporate tax structure should proceed. But Hungarian Prime Minister Viktor Orban this week called the idea "absurd" and said he would not support it.

G-20 finance ministers endorse reforms to tax system for curbing avoidance by multinational enterprises

G-20 finance ministers endorsed the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules during a meeting on Oct. 8, in Lima, according to a written statement Organization for Economic Co-operation and Development OECD).